98365 ÷ 8 = 12295 R5
Alright, let's work through the division of 98365 by 8 step by step.

Step 1:
8 goes into 9 1 times with a remainder of 1.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 8 from 9 to get 1.
Bring next digit (8) of the dividend behind the 1 and repeat the process: 18 / 8

Step 2:
8 goes into 18 2 times with a remainder of 2.
Write down 2 as next digit of of the result. 
Result so far: 12
Subtract 16 from 18 to get 2.
Bring next digit (3) of the dividend behind the 2 and repeat the process: 23 / 8

Step 3:
8 goes into 23 2 times with a remainder of 7.
Write down 2 as next digit of of the result. 
Result so far: 122
Subtract 16 from 23 to get 7.
Bring next digit (6) of the dividend behind the 7 and repeat the process: 76 / 8

Step 4:
8 goes into 76 9 times with a remainder of 4.
Write down 9 as next digit of of the result. 
Result so far: 1229
Subtract 72 from 76 to get 4.
Bring next digit (5) of the dividend behind the 4 and repeat the process: 45 / 8

Step 5:
8 goes into 45 5 times with a remainder of 5.
Write down 5 as next digit of of the result. 
Result so far: 12295
Subtract 40 from 45 to get 5.

The final result is 12295 with a remainder of 5.